US Consumers Look Past Negative Ads, See Better Future

The jump in September consumer confidence is a head-scratcher, says Joel Naroff of PA-based Naroff Economics, especially when you consider weak job and income growth, rising gasoline prices and "a tsunami of negative ads telling us that if we vote for the wrong person, which apparently is everyone running, the end will come." Consumers seem to have looked past the ads and data and see a future that contains more job openings and rising incomes, Naroff writes, "It is hard to believe that the economy is headed for a crash."